Analyst Gregory Lewis from BTIG maintained a Buy rating on T1 Energy and keeping the price target at $7.00.
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Gregory Lewis has given his Buy rating due to a combination of factors that highlight T1 Energy’s strategic positioning and growth potential. The company is advancing its module production capabilities, as evidenced by the ramp-up at its G1 Dallas facility and plans to start construction on its G2 Austin cell plant. This expansion is supported by recent successful fundraising efforts, including an equity offering and issuance of preferred stock, which will help finance the first phase of the G2 project.
Additionally, T1 Energy is poised to benefit from favorable US policies that incentivize domestic solar content, aligning with their strategy to fully onshore module production. The company’s guidance remains strong, with expectations of increased module volumes and a significant rise in annual EBITDA once the G2 plant is operational. These factors, combined with strategic supply agreements and a valuation that suggests upside potential, underpin Lewis’s confidence in the stock’s future performance.
According to TipRanks, Lewis is a 5-star analyst with an average return of 14.4% and a 50.51% success rate. Lewis covers the Energy sector, focusing on stocks such as Frontline, DHT Holdings, and National Energy Services Reunited.
In another report released yesterday, Needham also maintained a Buy rating on the stock with a $6.00 price target.